GREENWICH MILLENNIUM VILLAGE LIMITED
Company Information
- Company Number
- 03648005
- Registered Address
- Countryside House, The Drive Great Warley, Brentwood, Essex, CM13 3AT
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 October 1998
- Nature of Business
- 41100 - Development of building projects68100 - Buying and selling of own real estate
- Industries
- Coming Soon
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average payment time of 20 days indicates a generally prompt payment speed, with a strong 80% of invoices settled within 30 days. However, a significant 35% late payment rate reveals a notable inconsistency in their payment trajectory despite the positive average.
Volatility Analysis
The 35% late payment rate introduces a degree of unpredictability for suppliers, impacting cash flow reliability. While most payments are timely, the 17% extending to 31-60 days and 3% over 60 days presents a clear risk of material delays for a portion of transactions.
Summary Analysis
Overall, GREENWICH MILLENNIUM VILLAGE LIMITED appears to be a moderately reliable client, generally paying quickly but with a distinct late payment segment. Suppliers should account for the 35% late payment probability and consider strategies like clear payment terms or initial smaller credit limits to mitigate potential disruptions.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 25 Jul 2025 | 20 | 80% | 17% | 3% | 35% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 20 | 81% | 15% | 4% | 48% |
| 01 Jan 2024 - 30 Jun 2024 | 28 Jul 2024 | 66 | 46% | 27% | 27% | 53% |
| 01 Apr 2023 - 31 Dec 2023 | 16 Feb 2024 | 45 | 58% | 18% | 24% | 15% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 33 | 67% | 21% | 13% | 15% |
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | 60 | 52% | 25% | 23% | 24% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 52 | 41% | 33% | 26% | 55% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 61 | 47% | 33% | 20% | 19% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 39 | 12% | 30% | 58% | 17% |
| 01 Apr 2020 - 30 Sept 2020 | 27 Oct 2020 | 50 | 53% | 29% | 18% | 14% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 58 | 43% | 33% | 24% | 27% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 49 | 32% | 50% | 18% | 26% |
| 01 Apr 2018 - 30 Sept 2018 | 24 Oct 2018 | 53 | 36% | 42% | 22% | 31% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Where payment relates to services provided by a subcontractor, payment of any sum ascertained as due in accordance with Vistry’s Trade Contract Terms & Conditions shall become due 14 days after the application date (the “payment due date”). The final date for payment is 14 days after the payment due date (i.e. 30 days from the application date). Where the payment relates to goods or services the terms differ and are required to be paid the month after the month of the date of the invoice, unless agreed otherwise.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
91
Dispute Resolution Process
Dispute resolution is a three step process that starts with the dispute being referred to the relevant Manager within the business. Vistry and the Vendor will then seek to settle the dispute by negotiation. If the dispute is not resolved it shall be referred to expert determination.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
GREENWICH MILLENNIUM VILLAGE LIMITED is an active private limited company. Its name signifies a direct association with the prominent Greenwich Millennium Village development.
The company was incorporated on 12 October 1998, with company number 03648005. Its registered office is located at Countryside House, The Drive Great Warley, Brentwood, Essex, CM13 3AT, within the East of England region.
Private limited companies with a focus on specific village or large-scale developments in the UK market typically specialise in property development, construction, and the sales of residential and commercial units. Such organisations often provide comprehensive estate management services for the communities they establish.
